Buy Aster DM Healthcare, target price Rs 430: Prabhudas Lilladher

Aster DM Healthcare Ltd. key Products/Revenue Segments include Hospital Services, Pharmaceuticals, Other Operating Revenue, Other Services and Consultancy Income for the year ending 31-Mar-2023.

By ETMarkets.com | Updated: Nov 30, 2023, 10.50 AM IST

Promoters held 41.88 per cent stake in the company as of 30-Sep-2023, while FIIs owned 40.22 per cent, DIIs 7.64 per cent.

Prabhudas Lilladher has buy call on Aster DM Healthcare with a target price of Rs 430. The current market price of Aster DM Healthcare is Rs 388.6.

Aster DM Healthcare Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 19575.92 Crore) operating in Hospitals & Allied Services sector.

Aster DM Healthcare Ltd. key Products/Revenue Segments include Hospital Services, Pharmaceuticals, Other Operating Revenue, Other Services and Consultancy Income for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 3325.22 Crore, up 3.12 % from last quarter Total Income of Rs 3224.57 Crore and up 17.30 % from last year same quarter Total Income of Rs 2834.72 Crore. Company reported net profit after tax of Rs -8.03 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 41.88 per cent stake in the company as of 30-Sep-2023, while FIIs owned 40.22 per cent, DIIs 7.64 per cent.

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